Eu China Trade Agreement
- Posted on April 9, 2021
- in Uncategorized
- by admin
China sees the EU primarily as a counterweight to the United States, with which it is involved in a harmful trade war. It has successfully sowed division among European countries by concluding bilateral economic agreements with the shakiers within the bloc such as Greece and Italy. As a result, the trade agreement between the EU and China and the companies of Pompeo in London show two very different geopolitical paths, one is reasonable, the other is suicidal. Fact sheets, Vietnamese trade in your city, texts of agreements, stories of exporters This is something that Beijing is willing to compromise. The new agreement comes at an important time to symbolize confidence, content and progress in the development of trade negotiations, market access and investment between the two sides. As Europe and China make economic progress, the UK has managed to move away from these two huge markets and is left to the Trump administration. Given that the EU-China agreement defends the country of origin protocol, the White House is asking Britain to withdraw it in order to reduce its food standards and flood its agricultural markets with poor quality chicken. Britain has adopted a dogmatic foreign policy, while Europe has pursued a pragmatic policy. The contrast couldn`t be greater.
During the European debt crisis, several European countries needed the bailout of the EU and the International Monetary Fund. China has supported Europe by buying billions of euros of junk;  in particular Greece, Ireland, Italy, Portugal and Spain. Some analysts suspected China of buying political influence in the EU, but China says it is building strong trade relations and supporting the European economy so that trade issues can move forward more easily.   Relations between the European Union (EU) and the People`s Republic of China (PRC) or Sino-European relations are bilateral relations established in 1975 between the PRC and the European Community. According to the European External Action Service, EU-China relations aim to establish cooperation in the areas of peace, prosperity, sustainable development and people-to-people exchanges.  The EU is the largest trading partner of the PRC and the PRC and the ROC are the EU`s second and fifteenth largest trading partner after the United States, while the EU has imposed an arms embargo and numerous anti-dumping measures against the PRC. In 2016, bilateral merchandise trade between the EU and China amounted to EUR 514.8 billion.  Machinery and vehicles dominate both exports and imports. China`s top five exports are computers, radios, telephones, office machine parts and integrated circuits. China Top Five imports are crude oil, integrated circuits, iron ore, gold and cars.
With regard to imports into the AMA/NAMA product group UNION, the share for manufactured goods amounted to EUR 343.725 million and represents an impressive 98.1% (out of a total of EUR 350.535 million). The same is true for exports to China, where manufactured goods hold the highest ranking on the list and account for 159.620 million euros (93.7% of total export volume). The talks were supposed to take place in Leipzig, but they were put online – supposedly because of the coronavirus, but most likely because of the failure of the 27 European nations to reach agreement on a coherent policy towards China. The EU commissioned studies to keep negotiators informed of the current trade picture, including: economic cooperation continued, with the EU`s “new Asian strategy”, the first Asia-Europe meeting in 1996, the EU-China summit in 1998 and frequent political documents that sed for closer partnerships with China. Although the Asian financial crisis of 1997 dampened investor enthusiasm, China weathered the crisis well and continued to focus on EU trade. Chinese leaders have sought to delight European interest and have made high-level visits